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Predicting the future can be both fun and nerve-wracking. On one hand, you can never truly know what the future holds, and if you are wrong you can always chalk it up to chance or unforeseen events. On the other hand, forward-looking thinking is crucial in risk management in order to be prepared for what might be thrown your way. Not all of your predictions will be spot on, but keeping your eyes on the horizon—with brief glimpses in the past to reflect—is key to successful risk management.
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